Strategic Education, Inc. (NASDAQ:STRA) Receives $126.00 Average PT from Brokerages

Strategic Education, Inc. (NASDAQ:STRA) has earned an average rating of “Buy” from the four research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $126.00.

A number of research analysts have recently commented on STRA shares. Truist Financial lowered their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barrington Research reaffirmed an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research note on Tuesday, January 21st. Finally, StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $97.68 on Wednesday. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The business’s fifty day moving average price is $96.33 and its two-hundred day moving average price is $96.17. The firm has a market capitalization of $2.40 billion, a PE ratio of 18.61, a P/E/G ratio of 1.15 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Equities research analysts expect that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.46%. Strategic Education’s dividend payout ratio (DPR) is 45.71%.

Hedge Funds Weigh In On Strategic Education

A number of hedge funds and other institutional investors have recently modified their holdings of STRA. International Assets Investment Management LLC boosted its position in shares of Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after purchasing an additional 197,633 shares during the period. JPMorgan Chase & Co. lifted its stake in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Strategic Education in the 2nd quarter worth about $12,231,000. Weiss Asset Management LP purchased a new stake in Strategic Education in the 3rd quarter worth about $5,635,000. Finally, State Street Corp lifted its stake in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after acquiring an additional 50,980 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.